AdTOKEN6900: The Spiritual Successor to SPX6900 is Here. Presale Live!
AdTOKEN6900: The Successor to SPX6900
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The world of memecoins never stops evolving with new projects launching, presales kicking off, and community favorites experiencing price fluctuations. This past week was no different, with new memecoins like Moo Deng making their debut while older names such as ApeCoin saw significant pullbacks. Meanwhile, the CoinSniper platform continued hosting unique engagement opportunities for crypto communities through its popular CoinSniper Quests feature.
Let's break down some of the biggest stories from October 16-22 involving memecoin news, presales, and quests across the crypto world.
One of the largest meme-based tokens, ApeCoin (APE), suffered a major reversal earlier this week after gaining strongly in the previous days. According to analysts, the 18% crash occurred due to profit-taking after ApeCoin's launch of its new ApeChain network as well as wider crypto market weakness.
While the token is still up significantly from its August lows, the sudden pullback highlights how even big names in the space aren't immune to volatility. It serves as a reminder for investors to take profits at local tops and not get overly euphoric on large short-term gains. ApeCoin will look to stabilize after the shakeout and possibly resume its upward trend as its metaverse ambitions continue developing.
Three prominent canine and feline-themed memecoins - Popcat, MEW Token, and Bonk - all saw notable gains last week as decentralized exchange (DEX) volumes on the Solana blockchain surpassed those on Ethereum for the first time.
This news highlights how Layer 1 chains like Solana that offer faster, cheaper transactions are gaining ground and bringing more volume and attention and new altcoins. It bodes well for meme projects leveraging the emerging smart contract platform's low fees and speed to engage expanding communities through play-to-earn gaming and other novel use cases.
Pump.fun, one of the earliest memecoin pump groups, teased an upgraded "Pump Advanced" version of its platform last week along with a yet-to-be-announced associated token.
While coordination to rapidly inflate prices of lesser-known coins remains a risky endeavor, Pump.fun and other similar communities have grown into established presences in the space. Their development of new features and token launchpads signals attempts to build sustainable economies around their niche. It will be interesting to see how Pump Advanced and its new token are received.
Another pup-themed project, Hoppy token, had its day in the sun by hitting a new all-time high last week on the back of a rare "Cypher" bullish reversal pattern spotted in its charts.
Technical analysts love finding obscure patterns in crypto price action. While not guarantees of further ascent, such anomalies do help bring speculative attention to niche projects with potential for explosive short-term returns.
In real-world mainstream adoption news, English football club Sheffield United announced a partnership with Solana NFT project Maneki to create exclusive digital and physical jerseys for the 2024/25 season.
Such deals marrying crypto collector culture with major traditional brands represent an exciting intersection. They underscore expanding interest beyond just investments and into how blockchain is forging ties between digital and real assets across industries like sports and art.
A pair of canine coins also saw impressive sessions last week. Dogecoin popped on soaring volumes and open interest, while lesser-known Bonk spiked then pulled back against resistance.
The moves exemplify how liquidity influxes can quickly inflate popular plays in the fragmented area. But with consolidation, overhead supply usually re-enters and triggers corrections. Such volatility is par for the course in memeland and presents both opportunities and risks for traders to manage.
One of the newest kids on the bovine block, Moo Deng, faced a rocky start to life after plunging over 24% immediately following its launch, which followed an astronomical presale rise.
Wild pre-launch pumps often precipitate equally sharp post-listing drawdowns as initial capital is cashed out. The downturn emphasizes focusing on projects with stronger fundamentals versus momentum trades alone. Moo Deng will look to stabilize and refuel its rise on real utility or community hype over time.
As memecoin mania gripped crypto, the Coinsniper platform continued providing engaging community-building methods for projects. Here are some of the new and ongoing Coinsniper Quests available:
| Coinsniper Quest | Project | Tasks |
| Ongoing | WW2coin (WW2) | Follow social media, share posts |
| Ongoing | Squishy (SQUISHY) | Join Telegram, share posts |
| Completed | Fibtegis Token (FBTGS) | Retweet, join Telegram |
| Completed | PugDaddy (PGDY) | Visit site, follow, like and retweet X post |
| Completed | HashCEX (HCEX) | Follow social media, share posts |
Quests on Coinsniper have become a popular way for projects to distribute airdrops and build communities through gamified social tasks. By completing them, participants stand to earn additional rewards on top of any potential price appreciation from investing in quality projects early.
Make sure to stay tuned to Coinsniper for newly launched quests regularly offering free tokens of upcoming coins. And be sure to always do your own research on any projects before participating beyond quests alone.
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
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